Waterfront Wealth Inc. Grows Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Waterfront Wealth Inc. raised its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,765 shares of the company’s stock after purchasing an additional 461 shares during the quarter. Waterfront Wealth Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,822,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Advisory Alpha LLC lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 195.3% during the 4th quarter. Advisory Alpha LLC now owns 5,718,828 shares of the company’s stock valued at $158,471,000 after buying an additional 3,782,365 shares in the last quarter. Legacy Wealth Management Inc lifted its position in shares of Schwab U.S. Mid-Cap ETF by 203.9% in the fourth quarter. Legacy Wealth Management Inc now owns 4,180,010 shares of the company’s stock valued at $115,828,000 after acquiring an additional 2,804,735 shares in the last quarter. Fragasso Financial Advisors Inc boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 201.2% in the fourth quarter. Fragasso Financial Advisors Inc now owns 3,345,175 shares of the company’s stock worth $92,695,000 after acquiring an additional 2,234,519 shares during the period. HighTower Advisors LLC boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 2.6% in the third quarter. HighTower Advisors LLC now owns 3,258,331 shares of the company’s stock worth $270,683,000 after acquiring an additional 82,365 shares during the period. Finally, JMG Financial Group Ltd. boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 196.9% in the fourth quarter. JMG Financial Group Ltd. now owns 2,881,771 shares of the company’s stock worth $79,854,000 after acquiring an additional 1,910,992 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Down 0.9 %

NYSEARCA SCHM opened at $28.69 on Friday. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. The business has a 50-day moving average price of $28.49 and a 200-day moving average price of $28.02. Schwab U.S. Mid-Cap ETF has a twelve month low of $24.64 and a twelve month high of $30.28.

Schwab U.S. Mid-Cap ETF Profile

The Schwab U.S. Mid-Cap ETF (SCHM) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks a market cap-weighted index of mid-cap stocks in the Dow Jones US Total Stock Market Index. SCHM was launched on Jan 13, 2011 and is managed by Charles Schwab.